Form 4: Bentley Systems CFO Andre Werner Reports Tax-Related Stock Transaction

Chief Financial Officer of Bentley Systems, Andre Werner, reports the withholding of shares to cover taxes due upon vesting of previously granted awards.

Summary

• On March 17, 2025, Andre Werner, the Chief Financial Officer of Bentley Systems, reported a transaction involving Class B Common Stock.
• The transaction involved the withholding of 1,494 shares by the issuer to cover taxes due upon the vesting of previously granted awards.
• The price per share was $42.43.
• Following the transaction, Werner directly owns 350,674 shares of Class B Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations. It's a neutral event with no inherent positive or negative implications for the company's financial health or future prospects.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard tax withholding procedure related to stock-based compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it relates to tax obligations on existing stock-based compensation.

Key Dates

Keywords

Form 4, Beneficial Ownership, Andre Werner, Bentley Systems, BSY, CFO, Class B Common Stock, Tax Withholding